Squarepoint Ops LLC Takes Position in New Oriental Education & Technology Group Inc. (NYSE:EDU)

Squarepoint Ops LLC acquired a new stake in New Oriental Education & Technology Group Inc. (NYSE:EDU) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 22,730 shares of the company’s stock, valued at approximately $186,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. M&G Investment Management Ltd. raised its stake in shares of New Oriental Education & Technology Group by 74.1% in the second quarter. M&G Investment Management Ltd. now owns 113,342 shares of the company’s stock valued at $907,000 after purchasing an additional 48,241 shares in the last quarter. LMR Partners LLP raised its stake in shares of New Oriental Education & Technology Group by 172.3% in the second quarter. LMR Partners LLP now owns 384,400 shares of the company’s stock valued at $3,169,000 after purchasing an additional 243,220 shares in the last quarter. Cubist Systematic Strategies LLC raised its stake in shares of New Oriental Education & Technology Group by 161.0% in the second quarter. Cubist Systematic Strategies LLC now owns 401,316 shares of the company’s stock valued at $3,287,000 after purchasing an additional 247,562 shares in the last quarter. Titan Global Capital Management USA LLC acquired a new position in New Oriental Education & Technology Group during the second quarter worth $1,041,000. Finally, California State Teachers Retirement System raised its stake in New Oriental Education & Technology Group by 103.2% during the second quarter. California State Teachers Retirement System now owns 48,206 shares of the company’s stock worth $395,000 after acquiring an additional 24,478 shares in the last quarter. Institutional investors and hedge funds own 74.80% of the company’s stock.

NYSE:EDU opened at $2.29 on Thursday. New Oriental Education & Technology Group Inc. has a fifty-two week low of $1.68 and a fifty-two week high of $19.97. The stock has a market capitalization of $3.89 billion, a PE ratio of 11.04 and a beta of 0.90. The business’s 50-day simple moving average is $2.12 and its 200-day simple moving average is $4.85.

New Oriental Education & Technology Group (NYSE:EDU) last announced its earnings results on Friday, September 24th. The company reported ($0.03) earnings per share (EPS) for the quarter. New Oriental Education & Technology Group had a net margin of 7.82% and a return on equity of 7.42%. The firm had revenue of $1.21 billion during the quarter. Equities analysts anticipate that New Oriental Education & Technology Group Inc. will post 0.24 earnings per share for the current year.

Several research firms have issued reports on EDU. Zacks Investment Research upgraded New Oriental Education & Technology Group from a “sell” rating to a “hold” rating in a research note on Monday, September 27th. Morgan Stanley upgraded New Oriental Education & Technology Group from an “equal weight” rating to an “overweight” rating in a research note on Monday, August 30th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, New Oriental Education & Technology Group currently has an average rating of “Hold” and an average price target of $18.10.

New Oriental Education & Technology Group Profile

New Oriental Education & Technology Group, Inc is a holding company, which engages in the provision of private educational services. It operates through the following segments: K-12 AST, Test Preparation and Other Courses; Online Education; and Others. The company was founded by Min Hong Yu and Yong Qiang Qian on November 16, 1993 and is headquartered in Beijing, China.

Featured Article: What is a Roth IRA?

Institutional Ownership by Quarter for New Oriental Education & Technology Group (NYSE:EDU)

Receive News & Ratings for New Oriental Education & Technology Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for New Oriental Education & Technology Group and related companies with MarketBeat.com's FREE daily email newsletter.